Latest reports – Page 3586
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PropertyEU Archive
Mirland raises EUR 43m through bond issue
Russian residential and commercial property developer Mirland Development Corporation said it has raised about $63 mln (EUR 43 mln) through a bond issue.
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PropertyEU Archive
Land Securities sells 50% of Oxford Street holdings
Land Securities, the leading UK real estate investment trust (REIT), has sold a 50% stake in its holdings at the corner of Oxford Street and Tottenham Court Road in London to private equity property fund Frogmore Real Estate Partners for £109 mln (EUR 145 mln). The parties also entered into ...
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PropertyEU Archive
Ten European shopping centres receive ICSC awards
Ten European shopping centres were among those which received recognition at the 31st Annual International Council of Shopping Centers (ICSC) International Design and Development Awards presented at the 2007 ICSC Centerbuild Conference in Phoenix, in the US.
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PropertyEU Archive
DIC Asset raises EUR 62m to fund growth
German property investor DIC Asset has raised EUR 62 mln through a recently concluded capital increase. The subscription ratio for the offering of approximately 2.85 million new shares was 43.3%. As they had previously declared, the company's major shareholders - Deutsche Immobilien Chancen and Morgan Stanley Real Estate Funds ...
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PropertyEU Archive
Six finalists for ING's REAL photography awards
A five-member international jury has whittled down the nominees for the EUR 50,000 REAL Photography award to six finalists. The overall winner will be announced at the inauguration of the REAL Photography Award exhibition in Rotterdam next March. Sponsored by ING Real Estate, the new bi-annual award focuses on the ...
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PropertyEU Archive
3i and TCN end cooperation agreement
Private equity and venture capital firm 3i and Dutch real estate company TCN Property Projects have decided to abandon their partnership plans . After three months of investigating the possibilities, both sides have now decided not to work together. The cultures of the two parties differed too much, TCN said ...
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PropertyEU Archive
B&S Vastgoed buys Amsterdam property for EUR 58m
Dutch property investment fund B&S Vastgoed has acquired the 11,000 m[sup]2[/sup] Vitrum office building in Amsterdam from Urban Interest Real Estate Investment for EUR 58 mln. Property advisor Appelhoven acted for the buyer and Van Dijk & Ten Cate advised Urban Interest.
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PropertyEU Archive
ING closes mortgage for Henderson fund's Swedish properties
ING Real Estate has announced the closure of a EUR 57 mln mortgage loan for three Swedish properties held by Henderson Global Investors' Herald Fund. The fund has invested more than EUR 300 mln in several European countries and has a target size of EUR 1 bn.
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PropertyEU Archive
Orco receives building permit for Zlota 44
Orco Property Group has received a construction permit for its flagship residential tower Zlota 44 in the centre of Warsaw. Designed by Polish-born celebrity architect Daniel Libeskind, the 192-metre tower will comprise 251apartments, a concierge service, sundeck, a 25-meter swimming-pool and a sauna. The first residents will move in during ...
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PropertyEU Archive
IPD produces first index of CEE property returns
The Investment Property Databank (IPD) has announced the consultative release of performance data from the new IPD CEE All Property Index. Currently comprising properties in Hungary, Poland and the Czech Republic, the index saw a headline euro-denominated total return for 2006 of 17.5%.
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PropertyEU Archive
ING Bank sub-lets in Paris and takes space in Kiev
Dutch bank ING has sub-let part of its office space in the Coeur Defense tower in the Defense business district of Paris to State Street Bank. The US financial services group is leasing 1,800 m[sup]2[/sup] on the 8th floor of the building. ING is still looking for a tenant for ...
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PropertyEU Archive
Sjaelso Gruppen sells retail projects to Investea
Danish real estate company Sjaelso Gruppen is selling two retail projects in the central Danish city of Svendborg to Investea for DKK 100 mln (EUR 12 mln). The first project is the development of a 5,000 m[sup]2[/sup] furniture store that will be leased to IDEmobler, the largest furniture retail chain ...
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PropertyEU Archive
Degi buys in Mannheim for German Business fund
German property fund company Degi has purchased an office and commercial building in Mannheim from LBBW Immobilien for the Degi German business fund. The financial details were not disclosed, but this is the latest in a serious of transactions that has propelled Degi into PropertyEU's rankings of top dealmakers in ...
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PropertyEU Archive
Blackrock International buys office property in Amsterdam
Irish real estate investor Blackrock International Land has purchased the Vida building in Amsterdam for EUR 25.5 mln. The building was developed in 2001 and comprises 10,000 m[sup]2[/sup] of office space over seven floors. The main tenants are a Dutch government agency, IT firm Webex and media company Time Warner. ...
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PropertyEU Archive
Arcandor adds EUR 4.5 bn property deal to Christmas wish list
Arcandor, the largest department store owner in Germany, has expressed confidence it will be able to put a signed contract for the sale of EUR 4.5 bn worth of property holdings to Pirelli Real Estate and Deutsche bank's RREEF unit 'under the Christmas tree'. This is the third time that ...
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PropertyEU Archive
Leviev appointed non-executive chairman of AFI Development
Lev Leviev, the diamond and property billionaire, has been appointed non-executive chairman of AFI Development, the AIM-listed developer focused on Russia. Leviev will replace the outgoing chairman Erez Meltzer on 1 January 2008. Meltzer is also setting down from his position as the CEO of Africa Israel Investments at the ...
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PropertyEU Archive
Vib Vermogen spends EUR 26m on acquisitions
Vib Vermogen, the commercial real estate investor focused on Southern Germany, has expanded its portfolio with three new investments costing a total of EUR 26 mln. The assets are a shopping arcade in Lauf, a logistics centre under development in Mitterteich, and a land site in Frankfurt. The deals ...
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MagazineGet in on the pensions talk: infrastructure
A debate has emerged among pensions and investment experts questioning what pension funds define as an ‘infrastructure’ investment and whether it should have its own asset class, separate to real estate.
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MagazineRising stakes
With pension funds looking out for less traditional long-term investment opportunities, infrastructure could be the ace in the pack of alternative asset classes. Jane Welsh reports
